DUBLIN, Mar. 24, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Hydrogen Fuel Cell Vehicle Market 2017-2021" report to their offering.
The global hydrogen fuel cell vehicle market to grow at a CAGR of 82.06% during the period 2017-2021.
The report, Global Hydrogen Fuel Cell Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is production of clean hydrogen fuel (green fuel). The conventional method to produce hydrogen gas releases GHGs that can diminish the zero-emission advantage of HFCVs. Therefore, R&D to produce hydrogen through clean methods, known as a green fuel, with zero carbon emissions are under progress. Such methods involve renewable energy sources. One such method that is in practice is electrolysis.
According to the report, one of the major drivers for this market is development of infrastructure to produce hydrogen. Fuel cell electric vehicles use hydrogen as the primary fuel cell. Currently, around 80 million tons of hydrogen is produced each year worldwide at an average price of $1.75/kg. The global fuel cell market requires the additional production of 90 million tons annually to sustain growth. Significant investments are being made to scale up the production of hydrogen and develop clean and emission-free hydrogen production technologies.
Further, the report states that one of the major factors hindering the growth of this market is reduced HRS and high initial cost of development. The installation of electric vehicle chargers is easy and inexpensive owing to the advances in technologies such as wireless chargers and DC fast chargers, and residential charging units are also available for PEVs. On the contrary, HRS cannot be installed in any residential unit and the installation costs accounts for more than $1 million.
Other Prominent Vendors
- Ballard Power Systems
- Fuel Cell Energy
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by vehicle type
PART 07: Geographic segmentation
PART 08: Market drivers
PART 09: Market challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/zj6hg5/global_hydrogen
Research and Markets
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SOURCE Research and Markets